Canaccord raised the firm’s price target on e.l.f. Beauty to $204 from $191 and keeps a Buy rating on the shares. The firm said due to continued strong sales, driven by product newness, increased marketing driving awareness, and shelf space gains, the company also raised its 2024 top-line expectations, all driven by the strength of the e.l.f. brand.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ELF: